Jim Gray, “Liberty Can Create A Safety Net”

Retired judge and 2012 Libertarian Vice Presidential candidate Jim Gray proposes in his blog 2 Paragraphs 4 Liberty to replace “things like welfare, minimum wages, etc.” with a monthly stipend for those with no income, similar to a Universal Basic Income, except in Gray’s plan, the stipend would be would gradually withdraw as individual income increased.

He also encourages the implementation of a “graduated flat tax” that would cap out at 25% in the highest tax bracket and eliminate all income tax deductions, suggesting that replacing the current tax system with his proposal would provide the funding source needed for the monthly stipend.

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